DXY accelerates the downside and breaks below 95.00, new 2020 lows. Further downside remains on the cards while below the 2019-2020 line. DXY dropped further and recorded new 2020 lows in the 94.75/70 band earlier in the session, although it has managed to reclaim the 95.00 mark at the time of writing. In the near-term, the negative view remains unaltered as long as the index navigates below the 2019-2020 resistance line in the 96.60 region. Against this backdrop, the dollar risks a move to, initially, the Fibo retracement (of the 2017-2018 drop) at 94.20 ahead of the September 2018 low at 93.81. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD erases majority of early losses, inches closer to 0.6350 FX Street 2 years DXY accelerates the downside and breaks below 95.00, new 2020 lows. Further downside remains on the cards while below the 2019-2020 line. DXY dropped further and recorded new 2020 lows in the 94.75/70 band earlier in the session, although it has managed to reclaim the 95.00 mark at the time of writing. In the near-term, the negative view remains unaltered as long as the index navigates below the 2019-2020 resistance line in the 96.60 region. Against this backdrop, the dollar risks a move to, initially, the Fibo retracement (of the 2017-2018 drop) at 94.20 ahead of the September 2018 low… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
